Portfolio Update

EP Global Opportunities Trust Plc (the "Company")

In accordance with UKLA Listing Rule 15.6.8R(2), the following list represents
the Company's 10 largest investments and where appropriate, any investment with
a value greater than 5% of the Company's gross assets as at 31st December 2007:

Name of company                       Class of share     
                                                         
Belgacom                              NPV                
                                                         
E.ON                                  NPV                
                                                         
Gazprom                               Ordinary           
                                                         
GlaxoSmithKline                       Ordinary           
                                                         
Kon KPN                               Ordinary           
                                                         
Novartis                              Ordinary           
                                                         
Roche Holdings                        NPV                
                                                         
Sanofi-Aventis                        Ordinary           
                                                         
Treasury 5% (07/03/08)                GILT               
                                                         
Vodafone Group                        Ordinary           

All of the above, with the exception of Treasury 5% Stock, have a market value
of less than 5% of the Company's gross assets